Nike to raise wages for thousands of employees: Nike Inc (NKE) said it would raise wages for about 7,500 employees following a global pay review, two months after the sportswear maker concluded a probe into workplace behavior that resulted in the departure of a number of top executives. [Reuters]

Whirlpool falls more than 9% after earnings miss: In the year-ago quarter, Whirlpool reported adjusted earnings of $3.35 per share on net sales of $5.35 billion. Whirlpool CEO Marc Bitzer said that it saw weak performance in its Europe, Middle East and Africa business. For that region, Whirlpool said its sales decreased 12.3%, excluding currency impacts. The consumer appliance company said its business in the region was hit by “unit volume declines, raw material inflation and unfavorable foreign currency impacts.” [CNBC]

US to propose revoking Calif. authority to set auto emissions rules: The Trump administration is expected as early as Thursday to propose revoking California’s power to set state vehicle emissions rules and mandate the purchase of electric vehicles, a government official briefed on the matter said. The U.S. Transportation Department and Environmental Protection Agency are expected to unveil a proposed regulation that recommends freezing national emissions requirements at 2020 levels through 2026. [Reuters]

U.S. President Donald Trump speaks during the 2018 Made in America Product Showcase event July 23, 2018 in Washington, DC. The White House held the showcase to ‘celebrates every state’s effort and commitment to American-made products, and will allow these companies to speak with senior Administration officials, including the President, the Vice President, members of the Cabinet, and senior staff.’ (Photo by Alex Wong/Getty Images)